For as long as I can remember, I have been someone on the move: I never liked sitting still in class, I hated being stuck at home doing homework when I could have been outdoors playing, and I hated being tied to a desk job once I entered the workforce. For me, working a steady but adventure-free job feels a whole lot like taking a swim while wearing a pair of cement shoes—like I’m drowning in paperwork, administrative bureaucracy, and unimaginative thinking.
The call to diversify your business is an alluring one. By having services that span a wide spectrum, you not only increase the number of revenue sources feeding into your company, but you protect it from a catastrophic downturn should a crisis affect your sole market.
I’ve worked in the tech industry for a while, and like everybody else armed with at least a passing working knowledge of web design, a dream of gainful self-employment, and well-saturated by a few ounces of pure, distilled gumption, I’ve wanted to start my own web-based company. The dream itself is simple enough—to be a self-employed, web-based provider of services and administration protocols for much bigger companies.
Owning a business is both fulfilling and challenging in many ways. If you have the right strategies, business knowledge, enough resources, regular clients and loads of willingness and dedication to always give and get the best, you are on your way to success.
Whenever you heard the term ‘family business’, what picture does it stir up? You might consider it profitable, flexible, versatile and free from internal conflicts. Right? But, you might surprise to know that the family-owned firm is not free from internal conflicts.